Indian macro looks quite vulnerable: Axis Capital

Here is how experts see the markets behaving today:

Nandan Chakraborty, Axis Capital: Indian macro, though expected to incrementally improve from its trough, looks quite vulnerable. GDP growth is poised to rise to 6.2% in FY14, driven by consumption. However, this consumption tilt will prevent inflation from falling significantly and also doesn't bode well for the current account deficit. Some must have Nifty stocks this year are HDFC Bank, TCS, HCL Tech, Reliance, Tata Motors & JP Associates. David Folkerts-Landau, Deutsche Bank: Equities should continue to outperform, we like Japan & US, where the S&P 500 is likely to break its all-time high. The key risks include a political breakdown in Europe, a larger than expected impact from fiscal tightening in the US and a monetary policy misstep that undermines asset prices.